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Student applicants seeking an excellent opportunity to pursue the world of global finance and investment banking are welcome to apply right away for the most recent Morgan Stanley Internship. This is your chance to team up with some of the sharpest minds in the industry, whether you’re a local or an international applicant. Morgan Stanley is a huge name in the financial world, and getting an internship here means you’ll be working on real projects that actually matter, not just grabbing coffee or filing papers.
It doesn’t matter if you’re an MBA student or just starting out since there’s a program for pretty much everyone, including high school students. They’ve got internships in investment banking, sales & trading, real estate, software engineering, wealth management, legal, and a bunch more. You’ll get direct experience, guidance from top professionals, and a serious boost to your resume. But be aware that the acceptance rate is crazy low (like, under 2%), so if you’re serious about making moves in finance, don’t sleep on this opportunity!
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Morgan Stanley Internship | Complete Info on the Early Insights Program & More
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About Morgan Stanley
Morgan Stanley is a leading global financial services firm that aims to provide a wide range of products and services to a diverse group of clients. This includes corporations, governments, financial institutions, and individual investors. The firm’s employees are committed to working together to create long-term value for their clients and shareholders. It has offices in more than 41 countries and approximately 60% of the firm’s business comes from outside the United States.
Morgan Stanley is a member of the S&P 500 Index and is listed on the New York Stock Exchange (NYSE). Its history can be traced back to 1924 when J.P. Morgan & Co. merged with Edward Bancroft & Co., creating Morgan Stanley. The new firm was one of the first investment banks to focus on providing public offerings of stocks and bonds to a mass market audience. In the years that followed, it established itself as a leading player in the constantly growing field of investment banking.
Also, Check Out: De Shaw Internship 2025 Latest Summer Program
Morgan Stanley Summer Internships (SA Program)
Now, let’s get into the biggest and most popular internship at Morgan Stanley, which is the Summer Analyst Program!
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What is the Summer Analyst Program?
Morgan Stanley’s Summer Analyst Internship is a 10-week paid internship that takes place between June and August. It is designed for students in their penultimate year (which means one year before graduation).
Divisions That Offer Summer Analyst Internships
Morgan Stanley provides summer internships in multiple divisions. Some of the most popular ones include:
- Investment Banking Division (IBD) – Work on mergers, acquisitions, and financial advisory.
- Global Capital Markets (GCM) – Get involved in capital raisings, IPOs, and bond issuances.
- Sales & Trading (S&T) – Gain experience in equities, derivatives, and fixed-income trading.
- Equity Research – Analyze stocks and industry trends for clients.
- Risk Management – Assess financial risks and work on regulatory compliance.
- Technology (Software Development, AI, and Cybersecurity) – Work on fintech innovation and risk modelling.
- Finance & Accounting – Learn about financial reporting, treasury, and internal auditing.
- Operations – Ensure business functions run effectively.
What Happens During the Summer Internship?
- Week 1: Training & Orientation – Interns start with intensive training, including technical skills, finance basics, and networking.
- Week 2-9: Project Work & Real Assignments – Interns are assigned to real teams working on actual deals, analysis, or trading strategies.
- Week 10: Final Presentation & Performance Review – At the end of the internship, interns present their work and receive feedback, and some may receive return offers for full-time positions.
Why is the Summer Internship Important?
- High Conversion Rate to Full-Time Jobs – Top-performing interns are often given full-time job offers.
- Networking Opportunities – You will meet mentors, senior bankers, and professionals who can guide your career.
- Hands-on Learning – You work on real-world financial projects, not just theoretical case studies.
How Competitive is the Morgan Stanley Summer Internship?
- Acceptance rate: 2% (Super competitive, similar to Ivy League admissions).
- Number of applicants: Over 90,000 globally
- Interview rounds: 3-5 (including technical and behavioural interviews)
Other Internships at Morgan Stanley
Morgan Stanley offers a variety of programs suited to different career options, education levels, and locations. Whether you’re a first-year student looking for early exposure or a final-year student aiming for a full-time position, there’s likely an internship that suits your needs. Let’s explore the different types in more detail.
1. Summer Associate Internship (SA Program – For MBA & Advanced Degrees)
This program is similar to the Summer Analyst Internship, but it is specifically designed for MBA students or those pursuing advanced degrees (like PhDs or JDs). It provides an opportunity for interns to step into leadership roles post-graduation.
Who can apply?
- MBA students or candidates pursuing advanced degrees.
- Professionals with prior work experience looking to transition into finance.
What will you do?
- Work alongside experienced professionals in investment banking, wealth management, or global markets.
- Participate in leadership training sessions.
- Receive mentorship from senior executives.
- Secure a fast-track route into Morgan Stanley’s full-time Associate roles.
2. Off-Cycle Internships (Flexible & Available Year-Round)
Unlike structured summer programs, Off-Cycle Internships are available throughout the year and can range from a few months to a year-long placement. These internships are region-specific and offer flexibility for students who cannot participate in summer programs due to academic commitments.
Who can apply?
- Students or recent graduates looking for work experience outside of the summer period.
- Those interested in global opportunities, as off-cycle roles are often available in London, Hong Kong, and other international offices.
Common divisions offering off-cycle internships:
- Investment Banking (IBD)
- Equity Research
- Wealth & Asset Management
- Technology & Data Analytics
- Risk Management
3. Industrial Placement (6 to 12 Months – UK & Europe)
The company offers long internships, also known as Industrial Placements, for students who want a year of work experience as part of their degree. This is a great option for students in the UK or Europe, where semester-long placements are common.
Who can apply?
- Undergraduate students enrolled in a degree program that includes a year in industry.
Duration:
- Typically, 6 to 12 months.
Common areas for Industrial Placements:
- Finance & Accounting
- Technology (Software Development, Cybersecurity, AI & Machine Learning)
- Risk & Compliance
- Operations & Human Resources
4. Early Insights Programs (For Freshers & First-Year Students)
Morgan Stanley’s Early Insights Programs are short-term experiences designed for freshers and first-year students who are still exploring career options. These programs are typically one to two weeks long and provide an overview of different opportunities within the firm.
Programs under Early Insights:
- Spring Insight Week (for first-year undergraduates)
- Pre-Internship Programs (for students from diverse backgrounds)
- Women’s Insight Program (supporting women in finance careers)
- Diversity Initiatives (including programs for underrepresented groups)
Internship Programs Overview (with Salary Details)
Here’s the detailed table chart for all Morgan Stanley internships, including estimated salary figures based on industry reports and Glassdoor data.
Internship Program | Eligibility | Duration | Application Timeline | Common Locations | Divisions Available | Estimated Salary (per month) |
---|---|---|---|---|---|---|
Summer Analyst Internship | Penultimate-year undergraduates | 10 weeks (June-Aug) | Opens Aug-Nov (varies) | NYC, London, Hong Kong, Singapore, Mumbai | IBD, GCM, S&T, Research, Risk, Tech, Ops | $7,500 – $10,000 |
Summer Associate Internship | MBA & Advanced Degree students | 10 weeks (June-Aug) | Opens Aug-Nov (varies) | NYC, London, Hong Kong, Tokyo | IBD, GCM, S&T, Risk, Wealth Mgmt, Tech | $10,000 – $13,000 |
Off-Cycle Internship | Undergraduates or recent grads | 3-12 months | Year-round openings | London, Hong Kong, Paris, Frankfurt | IBD, Research, S&T, Risk, Tech, Ops | $4,000 – $7,000 |
Industrial Placement | UK & Europe students (with placement year) | 6-12 months | Opens Aug-Nov | London, Glasgow, Frankfurt | Finance, Tech, Risk, Ops, HR | $4,500 – $6,500 |
Early Insights Program | First/Second-year undergraduates | 1-2 weeks | Opens Oct, closes Nov | Virtual | Finance, IBD, Markets, Risk, Tech | Unpaid (Networking & Learning) |
Technology Internship | Undergrad/Master’s in CS, Engineering, STEM | 10-12 weeks | Opens Aug-Dec | NYC, London, Bengaluru | Software Dev, Cybersecurity, AI, Data | $6,000 – $9,000 |
Wealth & Asset Mgmt Internship | Finance, Business, or Economics students | 10 weeks (Summer) | Opens Aug-Nov | NYC, London, Hong Kong | Wealth Mgmt, Asset Mgmt, ESG | $5,500 – $8,000 |
Quantitative Finance Internship | STEM PhD/Master’s students | 10-12 weeks | Opens Aug-Nov | NYC, London, Hong Kong | Quant Research, Risk, Algorithmic Trading | $9,000 – $12,000 |
Morgan Stanley Internship Interview Questions:
While every interview is different, there are some common themes that you can expect to come across at the Morgan Stanley interview. Here are a few examples of questions.
- What are your thoughts on the current state of the economy?
- What do you think is the most important factor for success in investment banking?
- How would you approach a situation where you had to present an analysis to a client?
- What do you think is the most challenging thing about working in investment banking?
- Why should we hire you?
- What do you know about our company?
- Describe a time when you had to go above and beyond to get a job done.
- Tell me about a time when you made a mistake at work and how you handled it.
While these questions may seem complicated at first, remember that the interviewer is simply trying to assess your thought process and ability to respond quickly. If you can approach each question with confidence and provide a well-reasoned response, you will do well.
How to Apply for the Morgan Stanley Internship?
To begin the application process for the Morgan Stanley Internship, students must stick to the steps listed below.
- Select the “Apply Here” box.
- Then, choose the program you are interested in pursuing.
- Click on “Apply Now”, and you will be able to read all of the requirements before applying.
- Now, scroll below and click on the “Apply” button to register yourself or sign in with your existing credentials.
- Once you are registered, you will be able to access the online application form.
- Applicants must also submit a resume and a cover letter.
- Once the online application is complete, it will be reviewed by a member of the Morgan Stanley team.
- If the applicant is successful, they will be invited to interview for the position.